SH - After A Free Fall Last March We're Up 80+% In A Year
- One year ago today, on Monday, March 16, 2020, the Dow Jones Industrials fell by a record 3,000 points on a record-high 82.7 VIX reading. The market's nadir came on Monday, March 23.
- In just under a year, ending last Friday, the Dow and S&P 500 rose over 80%, while Nasdaq is up 114% and the Russell 2000 is up an astounding 143.6%.
- U.S. Household Net Worth set another new all-time high at the end of 2020, reaching $130 trillion, up $12 trillion (+10%) from the end of 2019. U.S. GDP is gaining ground at an estimated 8% annual rate.
- And yet, in the midst of this growth, we somehow desperately need a new $1.9 trillion stimulus package?
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After A Free Fall Last March, We're Up 80+% In A Year